Sharing shareholder value with directors and others through a stock compensation plan
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
15 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「In addition, based on a resolution of the Board of Directors dated 28 February 2020, certain directors of domestic affiliates were added to the plan's eligible participants.」
In addition to the company's existing directors and others, certain directors of domestic affiliates were added as eligible participants in the stock compensation plan. The total number of shares scheduled to be delivered to eligible directors and others is 303,800, and the number for employees is 42,900. - FY2019First statedAnnual report
「At the 164th Annual General Meeting of Shareholders held on 16 June 2017, the company approved the introduction of a stock compensation plan for directors who are not Audit and Supervisory Committee members. The plan is a trust-based stock compensation plan for in-house directors who are not Audit and Supervisory Committee members, under which points are granted according to position and other factors and shares are awarded upon retirement. Its purpose is to clarify the linkage between share value and directors' compensation and increase directors' awareness of contributing to improved medium- to long-term performance and higher corporate value.」
The company disclosed the introduction of a trust-based stock compensation plan for directors and others that links share value to compensation. The total number of shares scheduled to be delivered to eligible directors and others is 185,600.